(also credit agency)
Definition of credit reference agency in English:
A company which collects information relating to the credit ratings of individuals and makes it available to banks, finance companies, etc.
- Very few small companies will use a credit agency to collect outstanding balances.
- Each time you apply for a loan the potential lender will carry out a credit score with a credit reference agency.
- The most comprehensive approach to take when introducing credit checks is to opt for the services of a credit agency.
Definition of credit reference agency in:
- US English dictionary